MIRA INFORM REPORT
|
Report Date : |
15.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
KSM NIRMAN PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
9 A, Esplande East, 2nd Floor, Kolkata – 700069, West Bengal |
|
|
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|
Country : |
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|
|
Financials (as
on) : |
31.03.2012 |
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|
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Date of
Incorporation : |
30.11.2010 |
|
|
|
|
Com. Reg. No.: |
21-155216 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U70109WB2010PTC155216 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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|
Line of Business
: |
Construction activity. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 100 |
|
|
|
|
Status : |
Project under implementation |
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|
|
|
Payment Behaviour : |
Unknown |
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|
Litigation : |
Clear |
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Comments : |
Even though the company was incorporated in the year 2010. The project
of the company is under implementation stage there appears huge external borrowings
recorded by the company. However, the management of the company reported well
experienced and knowledgeable business. Payment terms are unknown. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BB+ (Long Term Rating) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
28.03.2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
9 A, Esplande East, 2nd Floor, Kolkata – 700069, West Bengal, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Corporate Office : |
Olympia Technology Park, #1, Sidco Industrial Estate, Guindy – 600032,
Chennai, Tamilnadu, India |
|
Tel. No.: |
91-44-43563773/74 |
|
Fax No.: |
91-44-43563289 |
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|
|
|
Site : |
328, GST Road, Pallavaram, Chennai – 600043, Tamilnadu, India |
|
E-Mail : |
DIRECTORS
As on: 01.09.2012
|
Name : |
Mr. Ajitkumar Chordia |
|
Designation : |
Director |
|
Address : |
12, General Muthiah Mudali Street, Sowcarpet, Chennai - 600079, Tamilnadu. India |
|
Date of Birth/Age : |
27.10.1963 |
|
PAN No.: |
AACPC5346F |
|
Date of Appointment : |
10.12.2010 |
|
DIN No.: |
00049366 |
|
|
|
|
Name : |
Mr. Chandra Kant Kankaria |
|
Designation : |
Director |
|
Address : |
2/A, Queens Park, Kolkata-700019, West Bengal, India |
|
Date of Birth/Age : |
02.10.1974 |
|
PAN No.: |
AGFPK9221N |
|
Date of Appointment : |
30.11.2010 |
|
DIN No.: |
00388159 |
|
|
|
|
Name : |
Mr. Piyush Kumar Bhagat |
|
Designation : |
Director |
|
Address : |
7, Iron Side Road, Kolkata-700019, West Bengal, India |
|
Date of Birth/Age : |
28.05.1960 |
|
PAN No.: |
AGYPB3619C |
|
Date of Appointment : |
30.11.2010 |
|
DIN No.: |
00088777 |
|
|
|
|
Name : |
Mr. Vasudevan Rajamanickam |
|
Designation : |
Director |
|
Address : |
39/2, Habibullah Road, T. Nagar, Chennai-600017 Tamilnadu, India. |
|
Date of Birth/Age : |
04.08.1945 |
|
PAN No.: |
AABPR9101N |
|
Date of Appointment : |
10.12.2010 |
|
DIN No.: |
00049594 |
|
|
|
|
Name : |
Mr. Pawan Kumar Dhoot |
|
Designation : |
Director |
|
Address : |
CF-388, Salt Lake City, Sector -1, Kolkata – 700064, West Bengal, India. |
|
Date of Birth/Age : |
04.08.1945 |
|
PAN No.: |
ADMPD5581E |
|
Date of Appointment : |
20.09.2011 |
|
DIN No.: |
00038602 |
MAJOR SHAREHOLDERS
As on: 01.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Shri Aiit Kumar Chordia |
|
825 |
|
Shri Bharat Kumar Chordia |
|
825 |
|
Shri Navaratanmull Chordia |
|
850 |
|
Smt Kanta Devi Chordia |
|
700 |
|
Smt Prassan Kumari Chordia |
|
700 |
|
Smt Manisha Chordia |
|
700 |
|
Shri Rawkant Chowdhary |
|
400 |
|
Shri Chandrakant Kankaria |
|
317 |
|
Shri Binod Chand Kankaria |
|
100 |
|
Shri Lalit Kumar Kankaria |
|
416 |
|
Shri Manohar Kumar Kankaria |
|
417 |
|
Shri Subhash Chand Kankaria |
|
417 |
|
M/s.Dhoot Developers (P) Ltd, India |
|
1666 |
|
Shri Piyush Kumar Bhagat |
|
837 |
|
Shri Manoj Kumar Bhagat |
|
830 |
|
Total |
|
10000 |
Equity Share Break up (Percentage of Total Equity)
As on: 01.09.2012
|
Category |
Percentage |
|
Bodies corporate |
16.66 |
|
Directors or relatives of Directors |
79.34 |
|
Other top fifty shareholders |
4.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction activity. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
|
|
Bankers : |
State Bank of India, Industrial Finance Branch, No.155, Anna Salai, Chennai - 600002, Tamil Nadu, India |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Yezdi and Company Chartered Accountants |
|
Address : |
Flat No.1,kaveri Apartments,Old No.3,New No.5, Bagavantham Gupta
Street,T nagar, Chennai – 600017, Tamilnadu, India |
|
PAN No.: |
AADPS5075L |
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|
|
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Others: |
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CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
|
|
|
|
|
Reconciliation of the
Number of Shares ft Amount Outstanding at the beginning and at the end of the
reporting period
(Rs. in Millions)
|
Particulars |
Closing Balance |
Opening Balance |
|
Equity Shares with
Voting Rights Year ended 31st March, 2012 |
|
|
|
Number of Shares |
10000 |
10000 |
|
Amount |
0.100 |
0.100 |
Shareholders holding
more than 5% Equity
|
Name of the
Shareholders |
% of Holding |
No. of Shares |
|
Aitt Kumar Chordia |
8.25 |
825 |
|
Bharat Kumar Chordia |
8.25 |
825 |
|
Navaratanmull Chordia |
8.50 |
850 |
|
Kanta Devi Chordia |
7.00 |
700 |
|
Prassan Kumari Chordia |
7.00 |
700 |
|
Manisha Chordia |
7.00 |
700 |
|
Piyush Kumar Bhagat |
8.37 |
837 |
|
Manoj Kumar Bhagat |
8.30 |
830 |
|
Dhoot Developers Private limited, India |
16.66 |
1666 |
|
TOTAL |
|
7933 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(0.099) |
(0.031) |
0.000 |
|
|
NETWORTH |
0.001 |
0.069 |
0.100 |
|
|
|
|
|
|
|
|
1] Secured Loans |
1291.559 |
244.169 |
0.000 |
|
|
2] Unsecured Loans |
|
|
141.856 |
|
|
TOTAL BORROWING |
1291.559 |
244.169 |
141.856 |
|
|
DEFERRED TAX LIABILITIES |
0.008 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1291.568 |
244.238 |
141.956 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.625 |
0.000 |
2.956 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1161.958
|
2.957 |
0.000 |
|
|
Sundry Debtors |
0.000 |
0.000 |
0.000 |
|
|
Cash & Bank Balances |
11.325
|
0.280 |
0.280 |
|
|
Other Current Assets |
5.400
|
0.000 |
0.000 |
|
|
Loans & Advances |
123.250
|
241.085 |
241.085 |
|
Total
Current Assets |
1301.933
|
244.322 |
241.365 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.239
|
0.000 |
102.396 |
|
|
Other Current Liabilities |
10.751
|
0.084 |
|
|
|
Provisions |
0.000
|
0.000 |
|
|
Total
Current Liabilities |
10.990
|
0.084 |
102.396 |
|
|
Net Current Assets |
1290.943
|
244.238 |
138.969 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.031 |
|
|
|
|
|
|
|
|
TOTAL |
1291.568 |
244.238 |
141.956 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
0.000 |
0.000 |
NA |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
0.031 |
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
0.059 |
0.031 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.059 |
0.031 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.059 |
0.031 |
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.90 |
3.10 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.00
|
0.00 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.00
|
0.01 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
59.00
|
0.45 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
11291559.00
|
3538.68 |
1418.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
118.47
|
2908.60 |
2.36 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last two years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
FINANCIAL RESULTS:
The company's Residential Project "Olympia Grande" at Pallavaram, Chennai is a big success. The construction work is in full swing by M/s. Larsen and Tourbo, who have been awarded the full contract for construction with a time frame of 3 years for completion and handing over possession. The net loss of Rs.0.059 Million as a result of administrative and other general expenses incurred during the year has been proposed to be carried forward and adjusted against future profits.
BANKERS CHARGES
REPORT AS PER REGISTRY:
|
Corporate
identity number of the company |
U70109WB2010PTC155216 |
|
Name of the
company |
KSM NIRMAN PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
9A, Esplande East, 2nd Floor, Kolkata – 700069, West Bengal, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10354221 |
|
Type of charge |
|
|
Particular of
charge holder |
State Bank of India, Industrial Finance Branch, No.155, Anna Salai, Chennai - 600002, Tamil Nadu, India |
|
Nature of
instrument creating charge |
Charge on immovable / movable property |
|
Date of
instrument Creating the charge |
28.08.2012 |
|
Amount secured by
the charge |
Rs.600 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest to Charged on the outstanding in the Accounts opened in respect of the aforesaid credit facilities at such rate as may be determined by the bank from time to time. Terms of Repayment Repayment to be made after 3 years (i.e. 31.03.2015) Margin The Borrower shall deposit sufficient cash or other security as may be acceptable to the bank as margin as stipulated by the Bank. The Bank shall be entitled to and shall at its discreation ,which shall be final and binding on the Borrower ,change the margins and the Borrower shall be bound by it notwithstanding and margins earlier agreed to by the bank Extent and
Operation of the charge Immovable/movable properties including Registered Mortgage on 5.57 acres of land situated at Block No.15,Ward no.A. lssa Pallavaram Village ,Tambaram Taluk,Kancheepuram Dist |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Immovable/movable properties including Registered Mortgage on 5.57 acres of land situated at Block No.15,Ward no.A.lssa Pallavaram Village ,Tambaram Taluk,Kancheepuram Dist |
|
Date of
instrument modifying the charge |
19.06.2012 |
|
Particulars of
the present modification |
Additional Documents submitted memorandum of deposit for creation of charge for the term loan/overall limit |
FIXED ASSETS:
- Computers
- Office Equipments
- Diesel Generator
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
|
|
1 |
Rs.83.78 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Report Prepared by
: |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.